3 / 5 Stars
3 2 3 3 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 50 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 4.20 percent over the past year, 3.99 percent over the past three years, 13.70 percent over the past five years, and 3.59 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.6%|
|3 Years (Annualized)||4.0%|
|5 Years (Annualized)||13.7%|
|10 Years (Annualized)||3.6%|
The investment seeks to provide as high a level of current income as is consistent with the preservation of capital. The fund's principal investment strategy is investing in senior secured floating rate loans. Under normal circumstances, at least 80% of the fund's net assets, plus any borrowings for investment purposes, will be invested in such securities. It may also purchase both investment grade and high yield fixed income securities and money market instruments, although the fund may not invest more than 10% of its total assets in high yield fixed income securities. The fund is non-diversified.
Fees are High compared to funds in the same category.
SunAmerica Senior Floating Rate Fund has an expense ratio of 1.75 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.